No. of Recommendations: 0
My parents set up a living trust. When Mom died the Fact of the trust was realized and appreciated.

First, the trust may own your property but you control the trust. You also get to stipulate what the trust can or cannot do. The trust does not eliminate the need for a will but is in addition to a will.A good lawyer can explain it better. The saving realized from not having to fork out probate fees was more than enough to pay for setting up the trust.

Again, agood lawyer can help you more than a Fool like me. The best advice is to investigate. Nothing ventured, nothing learned>
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement